European Inflation Data and ECB Speech to Drive Forex Trading
03/19/10 9:41 AM by Rita RuvinskiToday's trading could be influenced predominantly by the European markets. The Greek debt crisis has yet to be resolved as the major parties involved jockey for both a fitting solution to the problem and a political victory. European Central Bank ...
Forex Technical Analysis – EUR/USD Daily Chart
03/18/10 11:59 AM by Russell GlaserAfter consolidating just above the 50% retracement level of the previous uptrend, the EUR/USD has begun to fall back inline with its long term downward trend line. A Forex technical analysis indicates further downward movement in the pair could be ...
U.S. Long-Term Purchases on Tap
03/15/10 11:46 AM by Yan PettersFollowing a disappointing U.S. Consumer Sentiment result on Friday, the most significant trends in the market seem to be the bearish crude oil and the drop of the Dollar against the Euro. Today, several publications are expected from the U.S. ...
Forex Technical Analysis – EUR/USD Tests Resistance Level
03/12/10 12:39 PM by Russell GlaserThe range trading that the EUR/USD has experienced over the past month may continue. The price is approaching a significant resistance level and the 4-hour chart is showing technical resistance building, hinting at potential drop in the price.
Predicting U.S. Unemployment Rate Lately, is a Tricky Business
03/8/10 8:50 PM by Peter RobinsonThe latest unemployment rate reading for February was 9.7%. The final rate was published Firday last week before trading hours, it came below the 9.8% as forecasted. Such a reading should have sent the USD much higher against other major ...
Non-Farm Payrolls Publication Looks to Push EUR/USD Out Of the Range
03/5/10 2:05 PM by Yan PettersAfter 3 weeks on which the EUR/USD pair was traded within a very restricted range of about 300 pips, a major data release from the U.S. economy threatens to end the range-trading. The market has been extremely calm over the ...
Non-Farm Payrolls to be Released Today
03/5/10 10:01 AM by Dan EduardSeveral news events promise to lead to heavy market volatility in trading today. Chief among these is the monthly U.S. Non-Farm Employment Change Report. The report is widely considered one of the most important pieces of U.S. economic ...
Non-Farm Payrolls – Forex Trading Tips
03/4/10 3:07 PM by Greg HoldenThe start of each new month brings with it one of the most significant economic reports: Non-Farm Employment Change, also known as Non-Farm Payrolls (NFP). The point here is not to inundate you with information about the NFP report which ...
EUR at 2-Week High as Greece Debt Concerns Ease
03/4/10 7:03 AM by Rita RuvinskiThe EUR was firm on Thursday, as investors encouraged by Greece's fresh austerity measures to reduce its deficit cut some of the record short positions in the single currency. Greece announced plans for a further $6.5 billion in pay cuts ...
